Rare $500 specimen note sells for nearly $20,000 at AIA auction in Hong Kong

Face side features a vignette of the god Mercury
By , Coin World
Published : 02/01/15
Text Size

A rare and possibly unique 1948 $500 specimen note for the Mercantile Bank of India in Hong Kong sold for $18,270, including the buyer’s fee, on Jan. 1 during the Archives International Auctions in Hong Kong.

Its face side features a vignette of the god Mercury wearing a helmet and the word SPECIMEN stamped in red ink across the note. The back shows a gateway, and also with the word SPECIMEN stamped in red ink across the note.

According to the catalog description, this note is the “only example graded by PMG [Paper Money Guaranty] of this date and may very well be one of the key Hong Kong banknote rarities necessary to complete any advanced Hong Kong collection.”

Also sold at the auction was a 1907 $1 note for the Deutsch-Asiatische Bank in Peking, China. The note was found in the estate of an American missionary who worked in China during the 1930s. The note is printed in English with Chinese characters handwritten on the left and right on both sides.

The auction firm graded the note Choice Very Good to Fine condition with pin holes at the center fold and some minor toning. The note sold for $16,750.

For more information about this auction, visit the firm’s website.

More from CoinWorld.com:

2015 High Relief gold $75 coin is a misfire by the Mint on many levels

CCAC concurs with CFA on designs for 2015 High Relief gold coin

Star Trek's Captain Kirk, USS Enterprise featured on new Perth Mint silver coins

Mint reveals details of 2016 gold coins to mark 1916 silver issues

Royal Canadian Mint releases Hawk and Cougar bullion coins

Please  sign in  or  join  to share your thoughts on this story.

Keep up with all of CoinWorld.com's news and insights by  signing up for our free eNewsletters liking us on Facebook , and  following us on Twitter . We're also on  Instagram !

You are signed in as:null

Please sign in or join to share your thoughts on this story

No comments yet